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HomeMy WebLinkAboutCity Council Resolutions (R-22-4737)-06/07/2022RESOLUTION R-22-4737 APPROVING AN ADVANCED FUNDING AGREEMENT WITH TEXAS DEPARTMENT OF TRANSPORTATION FOR GREEN RIBBON FUNDING FOR THE BEAUTIFICATION OF SH26 FROM CHEEK-SPARGER ROAD TO BROWN TRAIL, PROVIDING FOR LOCAL FUNDING FROM THE CITY'S CAPITAL IMPROVEMENTS PROGRAM FUND, AND AUTHORIZING THE CITY MANAGER TO EXECUTE THE AGREEMENT WHEREAS, the City Council finds it in the best interest of the City and its citizens to utilize public grant programs to maintain and enhance quality of the City's streets and public highways; and WHEREAS, the City of Colleyville, Texas ("City") submitted a request to the Texas Department of Transportation ("TxDOT") for state participation in the form of Green Ribbon funding to pay a portion of the costs for the beautification of SH26 from Cheek- Sparger Road to Brown Trail (the "Project"); and WHEREAS, the City Council hereby authorizes the City Manager, or his designee, to execute the attached Advanced Funding Agreement (the "Agreement") with TxDOT, providing for the state's participation in the Project through Green Ribbon grant funding, as more particularly described in the Agreement; and WHEREAS, the City will be responsible for cost overruns for the Project as set forth in the Agreement; and WHEREAS, upon final execution of the Agreement, the City Council authorizes the commitment of local matching funds, to the extent required, to be funded from available funding in the City's Capital Improvements Program. NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF COLLEYVILLE, TEXAS: Sec. 1 THAT the City Council authorizes the City Manager to execute the Advance Funding Agreement for Green Ribbon funding for the beautification of SH26 from Cheek-Sparger Road to Brown Trail, by and between the City of Colleyville and the Texas Department of Transportation. Resolution R-22-4737 Page 2 of 2 Sec. 2 THAT the City's portion of the Project funding required under the Agreement shall come from the City's Capital Improvements Program fund. Sec. 3 THAT this Resolution shall become effective immediately upon passage. AND IT IS SO RESOLVED. APPROVED BY A VOTE OF 6 AYES, 0 NAYS, ON THIS THE 7T" DAY OF JUNE 2022. Mayor Bobby Lindamood Aye Mayor Pro Tern Kathy Wheat Aye Brandi Elder, Place 1 Aye George Bond, Place 2 Aye George Dodson, Place 4 Aye Chuck Kelley, Place 5 Aye Callie Rigney, Place 6 Abs ATTEST: Christine Loven, TRMC City Secretary ITY OF COLLEYVILLE t Bo by Li amood Mayor